SIEMENS AG, Europe s largest engineering company, said it is close to signing a contract to supply a Chinese city with electric-vehicle charging infrastructure.
The company expects to complete a deal this month to provide customized charging posts for one city, Song Xiao, the Shanghai-based president of Siemens China Smart Grid, said in Shenzhen on Saturday. He declined to name the city as the deal hasn t yet been approved by the government.
Siemens will install the chargers in the city within three months, Song said. The Munich-based company has talked with Chinese utility companies and cities including Shanghai, Guangzhou and Chongqing about providing charging infrastructure, he said.
Siemens, whose businesses include high-speed trains, medical equipment and power turbines, is seeking to provide electric-vehicle charging and components for automakers.
Siemens said it is also in discussions with domestic and foreign automakers in China to provide components for electric cars, said Cheng Meiwei, CEO of Siemens Northeast Asia.
The company s electric vehicle-related businesses include supplying batteries and other components, charging infrastructure, as well as grid-management expertise, Cheng said.
China aims to subsidize at least 4 million of these cars by 2012 and may invest 100 billion yuan (US$14.93 billion) in alternative-energy vehicles during the next 10 years.(SD-Agencies)
